Global Cement News

India: Sunny Gaur has resigned as the managing director of Jaiprakash Associates due to personal reasons. The conglomerate operates its cement plants in a cluster around Satna in Madhya Pradesh. In 2017 it sold six integrated cement plants and five grinding plants to UltraTech Cement for US$2.5bn in order to reduce its debts.

China: Dongwu Cement has appointed Liu Dong as chairman and Wu Junxian as chief executive officer (CEO) following the resignations of Xie Yingxia and Jin Chungen for personal and retirement reasons respectively.

Liu, aged 51 years, has been an executive director of Dongwu Cement since mid-2019. Since leaving university he worked as a diplomat for the Chinese government and the United Nations. From 2005 he has held a number of senior positions at companies including Orient Holdings Group, Huilitong Industry, Sunshine Oilsands, Orient International Resources Group, Global Mining and Sino-Sindh Resources. He holds over ten years’ experience in capital market and investor relationship sectors in Hong Kong and has a Master of Philosophy from the University of Cambridge.

Wu, aged 39 years, is an executive director of Dongwu Cement and the general manager of Suzhou Dongwu Cement. He joined the group in 2009, and has held various positions in Suzhou Dongwu such as assistant to general manager and deputy general manager. He became general manager of Suzhou Dongwu in 2013. Previously, Wu worked for Orient Holdings and Shanghai Keli Communications Technology. He holds a bachelor degree in management administration from Nanjing Audit University.

China/India: UltraTech Cement has agreed to sell its majority stake in Shandong Binani Rongan Cement for around US$120m. As part of the deal its subsidiaries Krishna Holdings and Nathdwara Cement will both divest their shareholdings in the company. UltraTech Cement picked up the 3Mt/yr plant in 2018 as part of its acquisition of Binani Cement in 2018. The buyer has not been named.

Uzbekistan: Akhangarantsement says that it has installed a ThyssenKrupp raw materials grinding unit at the site of an upcoming 5Mt/yr integrated cement plant in Tashkent Region. The equipment consists of a jaw crusher for primary crushing and a hammer mill for secondary crushing. The company said that the upcoming plant will “provide the market with a line of high-quality products for the construction of housing, industrial and infrastructure facilities.”

Philippines: Germany-based Gebr. Pfeiffer says a ready2grind system it supplied to Petra Cement started in early December 2019. The clinker grinding mill is operational at a grinding plant on the Zamboanga Peninsula in Mindanao. No value for the order has been disclosed. Petra Cement’s sister company , Big Boss Cement, has also ordered a modular mill system from Gebr. Pfeiffer.